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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Drake who wrote (2085)	9/12/1998 11:42:00 AM
From: Trader Dave	Read Replies (2) \| Respond to of 3818

Sorry, Drake, just remembering your funny posts from last January. PMCS is the quiet company. Have you ever listened to one of their conference calls? If the management team ever shows any enthusiasm, I'd panic! We have the same enthusiasm for the company we always have had, but three "negative" things have happened in recent months: 1) After reporting the June quarter the company announced they were increasing R&D spending to 24% of revenues since their customers are asking them to broaden their footprint within the product lines. That took estimates down fractionally and took out momentum players from the stock. 2) Clark Westmont of Montgomery put out a comment in a spooky market that crushed the stock from $39 to $29 in one day. The essence of the comment discussed pmcs' seasonality. Although PMCS business isn't seasonal, we did learn a lesson that sometimes when two of their customers are competing for the same business (ASND and CSCO) the loser may end up pushing out a order for chips. 3) the market for small cap technology went south TD